Gold's Next Move – 3000 in Sight or Deeper Correction First?
🔥 Gold Market Analysis – Are We Heading for a New ATH? 🔥
📈 Extreme Bullish Momentum – But Signs of Exhaustion?
Last week, price showed strong bullish momentum, pushing to a new all-time high (ATH). However, despite this strength, we have also seen deep pullbacks, signaling that sellers are active at key levels.
🔍 Key Observations:
✅ 4H Bullish FVG (2923 - 2915) has been tested 3 times – Each time, price has bounced significantly, with one of those bounces even leading to a new ATH.
✅ Friday’s reaction off this zone suggests buyers are still defending it, but price is struggling to push up as aggressively as before.
✅ Liquidity Sweep & Strong Rejection – We swept the 4H Asia high, tapped into a 1H Bearish OB (2947 - 2940) just above the liquidity grab, and then dumped 100+ pips 📉.
🔮 Possible Scenarios Moving Forward:
📌 Scenario 1 – Bullish Continuation 🚀
Price could attempt to fill the 4H Bullish FVG (2923 - 2915) and then bounce back up, targeting the ATH again.
If we break above the 1H Bearish OB (2947 - 2940), it could trigger further bullishness, potentially driving price towards 3000.
📌 Scenario 2 – Deeper Pullback Before Another Push Up 🔻
If price fails to hold the 4H FVG, we could see a drop down to the 4H Bullish OB (2886 - 2877), where buyers are likely waiting.
A strong reaction from this zone could set up a higher low formation, allowing bulls to re-enter and push towards the ATH again.
💡 Final Thoughts:
The market is at a critical point, and liquidity sweeps are playing a major role in shaping price action. If we see a clean break above resistance, 3000+ could be in sight. However, failure to hold key demand zones might lead to deeper corrections before another bullish leg.
🔥 Stay patient, follow the levels, and trade smart! 🔥
📈 Extreme Bullish Momentum – But Signs of Exhaustion?
Last week, price showed strong bullish momentum, pushing to a new all-time high (ATH). However, despite this strength, we have also seen deep pullbacks, signaling that sellers are active at key levels.
🔍 Key Observations:
✅ 4H Bullish FVG (2923 - 2915) has been tested 3 times – Each time, price has bounced significantly, with one of those bounces even leading to a new ATH.
✅ Friday’s reaction off this zone suggests buyers are still defending it, but price is struggling to push up as aggressively as before.
✅ Liquidity Sweep & Strong Rejection – We swept the 4H Asia high, tapped into a 1H Bearish OB (2947 - 2940) just above the liquidity grab, and then dumped 100+ pips 📉.
🔮 Possible Scenarios Moving Forward:
📌 Scenario 1 – Bullish Continuation 🚀
Price could attempt to fill the 4H Bullish FVG (2923 - 2915) and then bounce back up, targeting the ATH again.
If we break above the 1H Bearish OB (2947 - 2940), it could trigger further bullishness, potentially driving price towards 3000.
📌 Scenario 2 – Deeper Pullback Before Another Push Up 🔻
If price fails to hold the 4H FVG, we could see a drop down to the 4H Bullish OB (2886 - 2877), where buyers are likely waiting.
A strong reaction from this zone could set up a higher low formation, allowing bulls to re-enter and push towards the ATH again.
💡 Final Thoughts:
The market is at a critical point, and liquidity sweeps are playing a major role in shaping price action. If we see a clean break above resistance, 3000+ could be in sight. However, failure to hold key demand zones might lead to deeper corrections before another bullish leg.
🔥 Stay patient, follow the levels, and trade smart! 🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.